MinerEye, an Israeli data privacy and protection startup, raised US$3m in funding.
Awz HLS Fund I, a Canadian venture capital fund, made the investment, which completed MinerEye’s first financing round at a total of US $3.6 million.
Led by Yaniv Avidan, Founder & Chief Executive Officer, MinerEye offers Artificial Intelligence (AI) powered information governance to automate the identification and tracking of non-compliant data in enterprise scale repositories and storage platforms.
The company’s patent-pending technology merges computer vision and machine learning to identify sensitive data patterns based on learning sets of exemplar files. Its Data Tracker™ product scans and clusters large on-premises data repositories as well as cloud repositories, and then tracks the data’s behaviour to alert and trigger policy enforcement tools and report on non-compliant data.
The product is commercially available having already been installed in several large financial institutions in the US and Europe.